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AusCann raises $12m

AusCann Group Holdings has confirmed a $12 million capital raising to fund the development and manufacture of medical cannabis products in Australia.

AusCann told the markets today it had raised the funds through the placement of 24 million shares at 50 cents each, representing a 16 per cent discount to its five-day volume-weighted average price.

The proceeds of the raising will be used to further develop its cultivation facility in Western Australia, and progress activities in Chile with its joint venture partner DayaCann.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
thSkin Elements0%0%
5thAusCann Holdings6483%188%
428thHazer Group4%0%
479thWavenet International0%-47%
797thAurora Labs-73%0%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/05/17
$0 Other
10/05/17
$0 Issued
10/05/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

167th-Skin Elements$311k
168th↑Hazer Group$281k
169th-AusCann Holdings$260k
170th↓Wavenet International$239k
171st↑Aurora Labs$238k
231 listed industrial companies ranked by revenue.
Source: Morningstar

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